Common use of INSURANCE AND LIABILITIES TO THIRD PARTIES Clause in Contracts

INSURANCE AND LIABILITIES TO THIRD PARTIES. (a) The Consultant shall provide and thereafter maintain insurance against all risks in respect of its property and any equipment used for the execution of this Contract. (b) The Consultant shall provide and thereafter maintain all appropriate workmen's compensation insurance, or its equivalent, with respect to its employees to cover claims for personal injury or death in connection with this Contract. (c) The Consultant shall also provide and thereafter maintain liability insurance in an adequate amount to cover third party claims for death or bodily injury, or loss of or damage to property, arising from or in connection with the provision of services under this Contract or the operation of any vehicles, boats, airplanes or other equipment owned or leased by the Consultant or its agents, servants, employees or Sub-Consultants performing work or services in connection with this Contract. (d) The Consultant shall, upon request, provide the BCRC-Caribbean with satisfactory evidence of the insurance required under this Article. (e) Any amounts not insured or not recovered from the insurers shall be borne by the Consultant. If the Consultant fails to effect and keep in force any of the insurances required under the Contract, then and in any such case the BCRC-Caribbean may, at its option, hold the Consultant in default in accordance with the Contract, or effect and keep in force any such insurances and pay any premium as may be necessary for that purpose and from time to time deduct the amount so paid from any monies due to the Consultant, or recover the same as a debt due from the Consultant.